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The Latest Breaking News from Caixin Global

Shanghai Composite Index Rose 0.75% on Wednesday

Shenzhen Component Index closed up 1.8%

Caixin Global

Geely Takes One-Third Stake in Renault’s Korean JV

Chinese auto giant invests $207 million, gets two board seats and will provide technology and products for vehicles to hit market in 2024

Caixin Global

Xi, Macron Discuss Ukraine War in Phone Conversation

Chinese and French leaders agree on ‘urgency of reaching a ceasefire’ and urge peace negotiations

Caixin Global

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read the most diverse news in one place.

China’s Capital Wants a Bigger Share of NEVs on Its Roads

Beijing plans for the local purchase quota for new-energy vehicles to account for a greater share of the city’s total by 2025

Caixin Global

Nasdaq-Delisted Luckin Coffee Denies It’s Planning Hong Kong IPO

Scandal-dogged Chinese Starbucks challenger says it remains ‘committed to U.S. capital markets’

Caixin Global

Shanghai Composite Index Rose 1.06% on Tuesday

Shenzhen Component Index closed up 1.37%

Caixin Global

Texas Instruments Denies Firing Staff as Shanghai Microcontroller Unit Disbanded

Global semiconductor giant is reassigning staff to other units amid a dwindling market share, chip experts say

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Editorial: Rule of Law Is Fundamental to Regulating and Guiding Capital Development

The key to maintaining the healthy development of capital is to stabilize expectations. The key to stabilizing expectations is upholding the rule of law

Caixin Global

Shanghai Composite Index Rose 0.09% on Monday

Shenzhen Component Index closed down 0.41%

Caixin Global

Evergrande Dodges Onshore Default With Six-Month Debt Extension

Bondholders agree to delay payments due Friday as debt-laden real estate developer faces peak in obligations coming due amid restructuring effort

Caixin Global

Covid Delays 2022 Asian Games in China

The Olympic Council of Asia announces the event won’t take place as scheduled this September in the eastern city of Hangzhou

Caixin Global

Vice President Wang Qishan to Attend South Korean President’s Inauguration

A special representative and close aide of President Xi Jinping, Wang will lead a delegation to Seoul at the invitation of the South Korean government

Caixin Global

Former Top Lawmaker Convicted of Bribery Dies of Sudden Illness

Yu Zhigang, 49, an ex-member of the NPC Standing Committee who was awaiting sentencing at a detention center, dies at a hospital after emergency efforts to save his life failed

Caixin Global

Wang Tao: How Far Will China's Yuan Depreciate

The yuan could weaken further against the U.S. dollar in the coming months, ending the year at 6.9

Caixin Global

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Caixin Global

NEV-Maker Nio to List in Singapore

Tesla rival is the latest U.S.-listed Chinese company to find a new home for its stock amid delisting concerns

Caixin Global

Shanghai Composite Index Fell 2.16% on Friday

Shenzhen Component Index closed down 2.14%

Caixin Global

Changsha Building Collapse Death Toll Climbs to 53

The central government has set up an investigation team to dig deeper into the cause of the incident, after rescue efforts draw to a close

Caixin Global

Weekly Must-Read: Five Things to Know About China’s Draft Rules on Local Financial Institutions

Draft regulations to strengthen supervision may be difficult to enforce and could even put unnecessary burdens on market participants, experts say

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Caixin Global

China’s Top Leaders Reiterate Support for ‘Zero-Covid’ Strategy

As widespread lockdowns hobble the economy, Politburo declares ‘persistence is victory’ and says it’s too soon to stand down

Caixin Global

State-Backed Developers Snap Up More Land Than Private Rivals

Hammered by the real estate slump, private property companies grow cautious as Chinese cities roll out the first round of this year’s land sales

Caixin Global

China’s Box Office, Train Ticket and Real Estate Sales Plunge Over Holiday

Cinema revenue plummeted 82.3% during the five-day break while the number of new home sales in 30 major cities fell 73.1%

Caixin Global

Shanghai Composite Index Rose 0.68% on Thursday

Shenzhen Component Index closed up 0.23%

Caixin Global

China’s Central Bank Vows Normalized Supervision of Tech Sector

The People’s Bank of China backs up Politburo signal last week that a year-long crackdown on the industry is drawing to a close

Caixin Global

PBOC Backs Coal Industry With $15 Billion of Credit

Central bank follows through on government commitment to increase coal production as China seeks to secure its energy supplies

Caixin Global

Shrinking Capital Investment Drags Down Caixin New Economy Index

The share of high-value added industries in China’s overall economic inputs dropped to 28.8% in April from 30.6% the previous month, the NEI shows

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